AMI Asset Management Corp Takes Position in SentinelOne, Inc. (NYSE:S)

AMI Asset Management Corp bought a new position in shares of SentinelOne, Inc. (NYSE:S - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 44,274 shares of the company's stock, valued at approximately $805,000.

Several other hedge funds have also made changes to their positions in S. Rhumbline Advisers raised its holdings in SentinelOne by 24.8% during the fourth quarter. Rhumbline Advisers now owns 314,049 shares of the company's stock worth $6,972,000 after purchasing an additional 62,404 shares in the last quarter. Truist Financial Corp increased its holdings in SentinelOne by 10.2% in the fourth quarter. Truist Financial Corp now owns 28,968 shares of the company's stock valued at $643,000 after buying an additional 2,690 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in SentinelOne by 33.9% in the fourth quarter. Handelsbanken Fonder AB now owns 69,163 shares of the company's stock valued at $1,535,000 after buying an additional 17,500 shares in the last quarter. IFP Advisors Inc increased its holdings in SentinelOne by 33.1% in the fourth quarter. IFP Advisors Inc now owns 4,959 shares of the company's stock valued at $110,000 after buying an additional 1,232 shares in the last quarter. Finally, NewEdge Wealth LLC increased its holdings in SentinelOne by 6.8% in the fourth quarter. NewEdge Wealth LLC now owns 851,072 shares of the company's stock valued at $18,894,000 after buying an additional 53,865 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

SentinelOne Trading Down 0.8%

Shares of S traded down $0.15 during mid-day trading on Friday, reaching $17.86. The company had a trading volume of 9,365,613 shares, compared to its average volume of 5,152,300. The firm has a fifty day simple moving average of $18.51 and a 200-day simple moving average of $20.25. SentinelOne, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $29.29. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of -13.53 and a beta of 0.77.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. SentinelOne had a negative net margin of 49.36% and a negative return on equity of 15.95%. The firm had revenue of $229.03 million for the quarter, compared to the consensus estimate of $228.39 million. The company's revenue for the quarter was up 22.9% compared to the same quarter last year. As a group, equities analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on S. Bank of America reaffirmed a "neutral" rating and issued a $21.00 target price on shares of SentinelOne in a report on Thursday, May 29th. Sanford C. Bernstein dropped their target price on shares of SentinelOne from $27.00 to $25.00 and set an "outperform" rating for the company in a report on Thursday, May 29th. UBS Group dropped their target price on shares of SentinelOne from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $24.00 target price on shares of SentinelOne in a report on Friday, May 23rd. Finally, Susquehanna dropped their target price on shares of SentinelOne from $25.00 to $24.00 and set a "positive" rating for the company in a report on Thursday, May 29th. Ten investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.83.

Insider Buying and Selling

In related news, insider Ric Smith sold 3,187 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total value of $59,086.98. Following the completion of the sale, the insider now directly owns 1,058,025 shares of the company's stock, valued at $19,615,783.50. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tomer Weingarten sold 60,864 shares of the business's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $17.82, for a total value of $1,084,596.48. Following the completion of the sale, the chief executive officer now directly owns 1,581,396 shares of the company's stock, valued at approximately $28,180,476.72. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,347 shares of company stock valued at $3,464,807 in the last quarter. Company insiders own 4.33% of the company's stock.

About SentinelOne

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.